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20131202
20131210
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. >> founder of peak theories and cnbc contributor. hugh johnson, chairman and cio of hugh johnson advisors. ryder is helping us look at some of this year's dogs. there he is. first up is newmonth mining. i hope we're paying this dog, paying him in treats. shares of the gold producer falling about 49% this year. abgy gale, how do you feel near term and longer term about this. >> new million month mining i'm -- newmonth i'm neutral. i think they will put in a big turnaround next year. this stock might have further work toward the downside. for next year i think we're looking at a good turnaround. they put up positive free cash flow. they're cutting costs, they're building out in the right way. they're becoming a lean mean fighting machine so if gold stays low they'll survive. if gold goes up it will go to the bottom line. neutral but probably positive next year. >> how do you feel about it, hugh? >> i would be remice if i didn't say hello to my old friend and employee abigail. >> great to see you. thrilled i was heard i would be with you. >> the story about newmonth a simple story, the price
's going to be flat to down and that echos the estimates of compensation consultants, johnson and company with the report out last month. the key number that analysts watch is compensation as a percentage of revenue. banks main assets are people, so it's normal for the largest portion of their expenses to be salaries and bonuses. even that's been slipping too. down at most major investment banks and last quarter, jpmorgan's legal costs outstripped compensation for the first time for any of these banks. there's one corner of these companies where pay is almost sure to rise if a big way and that's asset management. >> asset management. high net worth clients pouring their money into the market with a stock market on a tear. if you're elsewhere in a bank tbd. >> it's reliable business that comes off a percentage of the money under management basically. it's a beautiful revenue stream. >> it is. thank you very much. >> sue, down to you. >> ty, the prestigious and profitable law firm announcing its 2013 bonus scale. it's the same as last year. the firm is the traditional market leader on bonus
Search Results 0 to 1 of about 2